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Hewlett-Packard’s Target, Estimates Boosted at UBS (HPQ)

PC and printer maker Hewlett-Packard Company ( HPQ ) on Monday saw its price target and earnings estimates boosted by analysts at UBS.

The firm raised its estimates for HPQ through 2011, noting the company stands to benefit from positive computer, storage and server demand. UBS maintained its "Neutral" rating on HPQ but introduced a new $48 price target, which represents a 10% upside to the stock's Friday closing price of $43.72.

Hewlett-Packard shares rose 19 cents, or +0.4%, in premarket trading Monday.

The Bottom Line

Shares of Hewlett Packard ( HPQ ) have a .73% dividend yield, based on Friday's closing stock price of $43.72. The stock has technical support in the $40 price area. If the shares can firm up, we see overhead resistance around the $46-$48 price levels.

Hewlett-Packard Company ( HPQ ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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